| Have any tried to use a bioethanol water mix (e.g. overproof Rum or | vodka e.g. Stroh 80) as an (model) engine fuel?
Sounds expensive. And a waste! Unless the taxes are different over there -- here, if it's drinkable alcohol, it's heavily taxed and therefore much more expensive and regulated than something that's not drinkable.
| It might also be named 5D bioethanol?
Odd name. Why not just `ethanol' ? I guess bioethanol sounds more `green'.
| The engine should be made of corrosion resistant like materials | (e.g. ceramics):
Why? Our normal engines run on a mixture of methanol, oil and maybe some nitromethane. I don't doubt that ethanol and oil would work just as well, and a little water doesn't hurt things (but it's best to get it out when you store the engine, or it'll cause corrosion. After-run oil works pretty well.)